Revolut Sets Western EU Base in Paris, Applies for Local Banking License
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Revolut is redrawing its European map. The digital bank will divide the continent into two regional hubs, with Paris set to become its headquarters for Western Europe, while Vilnius continues to anchor operations in the East. As part of this shift, Revolut plans to invest more than €1 billion in France and has begun the process of applying for a local banking license.
The Paris hub will oversee activity across France, Spain, Italy, Portugal, Ireland, and Germany, marking a deeper push into the region. The announcement was made at the Choose France summit in Paris, hosted by President Emmanuel Macron. Revolut also pledged to hire at least 200 new employees over the next three years.
France has quickly become Revolut’s largest market in the EU. The company now serves over 5 million users in the country, with 1.6 million added in 2024 alone. With a growing customer base and a supportive regulatory environment, the firm aims to reach 10 million users in France by 2026 and double that by 2030.
While London remains Revolut’s global headquarters, the move comes amid regulatory friction in the UK. Executives have voiced concerns about the City’s competitiveness and signaled that New York may be a preferred location for a future public listing.
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